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Aucma Co Ltd Announces Restructure of Subsidiaries

Friday, 30 Aug 2013 12:00pm EDT 

Aucma Co Ltd announced that it will acquire a 20% stake in a Qingdao-based subsidiary, an electric cars company, for RMB 1,303,663.13 from another subsidiary of the Company, and acquire a 10% stake in its Qingdao-based subsidiary, an electric technology company, for RMB 1,311,617.04 from its subsidiary, a new energy electric cars company. As a result, the Company will hold a 100% stake in the two subsidiaries, respectively. 

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